OAKVILLE, ON, Nov. 20, 2012 /CNW/ - Algonquin Power & Utilities Corp.
("APUC") (TSX:AQN AQN.PR.A) of Oakville, Ontario announced today that
the Board of Directors of APUC have declared a dividend of $0.0775 on
its common shares, payable on January 15, 2013 to the shareholders of
record on December 31, 2012 for the period from October 1, 2012 to
December 31, 2012; and an initial dividend of $0.1603 per Preferred
Share, Series A, payable in cash on December 31, 2012 to Preferred
Share, Series A holders of record on December 17, 2012, for the period
from November 9, 2012 to, but excluding, December 31, 2012.
The common share dividend will be paid in cash or, if a shareholder has
enrolled in the shareholder dividend reinvestment plan ("the Plan"),
dividends will be reinvested in additional shares ("Plan Shares") of
APUC as per the Plan. Plan Shares will be acquired by way of a Treasury
Purchase at the average market price as defined in the Plan less a 5%
discount for the fourth quarter of 2012.
For Canadian resident shareholders, dividends declared on both common
shares and Preferred Shares, Series A are considered as "eligible
dividends" for purposes of the dividend tax credit rules contained in
the Income Tax Act (Canada).
About Algonquin Power & Utilities Corp.
Algonquin Power & Utilities Corp. owns and operates a diversified
portfolio of $1.7 billion of regulated and non-regulated utilities in
North America. The company's regulated utilities business provides
regulated water, electricity and natural gas utility services to more
than 335,000 customers with a portfolio of 27 distribution utility
systems. The company's non-regulated electric generation subsidiary
includes 23 renewable energy facilities and 7 thermal energy facilities
representing more than 460 MW of installed capacity. Algonquin Power &
Utilities Corp. delivers continuing growth through an expanding
pipeline of renewable power and clean energy projects, organic growth
within its regulated utilities and the pursuit of accretive acquisition
opportunities. Common shares and preferred shares are traded on the
Toronto Stock Exchange under the symbols AQN and AQN.PR.A respectively.
Visit Algonquin Power & Utilities Corp. at www.AlgonquinPowerandUtilities.com and follow us on Twitter @AQN_Utilities.
SOURCE: Algonquin Power & Utilities Corp.